LA CANADA WIRELESS ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

EDDIE LEWIS

Phone

2024415927

Tax Period

2023-01-01 to 2023-12-31

LA CANADA WIRELESS ASSOCIATION, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $546K in total revenue in fiscal year 2023. Expenses of $482K left a modest 12% surplus.

Mission

THE ASSOCIATION PROVIDES WIRELESS INTERNET SERVICE TO ITS MEMBERS WHO LIVE AND WORK IN RURAL AREAS OF SANTA FE COUNTY, NEW MEXICO THROUGH A NON-PROFIT MEMBER-OWNED AND OPERATED COMMUNITY COOPERATIVE.

Program Service Accomplishments

Program 1

Expenses: $372,351 Revenue: $544,507

THE PURHCASING, INSTALLING, AND MAINTAINING THE NECESSARY EQUIPMENT OF THE WIRELESS NETWORK IS PERFORMED BY VOLUNTEERS OF THE MEMBERSHIP AND TWO TECHNICAL CONSULTANTS. THE ASSOCIATION CONTRACTS WITH ONE BOOKKEEPER. IN 2022, THE VAST MAJORITY OF THE ASSOCIATION'S REVENUE CAME FROM MEMBERSHIP, WITH A SMALL AMOUNT COMING FROM INVESTMENT ACTIVITY. THE ASSOCIATION GREW TO 598 MEMBERS DURING THE YEAR AS THE COVERAGE AREA WAS SLIGHTLY EXPANDED INTO MORE RURAL AREAS. THE ASSOCIATION CONTINUES TO PURCHASE AND INSTALL NEW EQUIPMENT IN THE INFRASTRUCTURE AS NEEDED. THE ASSOCIATION OPERATED ONLY ONE PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,550

Program Service Revenue $540,957

Investment Income $4,808

Other Revenue $-3,012

TOTAL REVENUE $546,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $372,351

Other Expenses $482,217

TOTAL EXPENSES $482,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$546,303	$513,272	+0.1%
Expenses	$482,217	$442,853	+0.1%
Net Income	$64,086	$70,419	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL YELICH	PRESIDENT	15.00	Officer Director	$0	$0	$0
ROBERT HAUSMAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
EDDIE LEWIS	TREASURER	15.00	Officer Director	$0	$0	$0
JULIAN WINTER	SECRETARY	10.00	Officer Director	$0	$0	$0
KEN PERLOW	DIRECTOR	5.00	Director	$0	$0	$0
DANA SIMMONS	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN BOYER	DIRECTOR	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$546,303	$482,217	$368,985	$64,086
2022	$513,272	$442,853	$322,909	$70,419
2021	$492,979	$454,820	$233,647	$38,159
2020	$437,896	$408,274	$189,735	$29,622
2019	$384,188	$303,417	$156,199	$80,771
2018	$325,803	$236,401	$79,207	$89,402